MARCH 16, 2022 – Kobalt announced that Tom Sansone, has stepped down as Chief Financial Officer (CFO). Sansone will remain an advisor to the CEO and aid in the transition of recently promoted CFO, Catrin Drabble, effective April 15th, 2022. Drabble most recently held the title of executive vice president, corporate development, and finance.
“Tom has been an incredible leader for Kobalt over the past six years and has led the business to be in the strongest financial shape it has ever seen,” said Kobalt CEO Laurent Hubert. “I am glad he will remain as a close advisor, and we all agree elevating Catrin was a natural next step for the company. Catrin has constantly been a high-performer with a deep understanding of music business economics. She has been the key leader in bridging finance and investment teams, as well as a critical part of our path to profitability.
Since joining Kobalt in 2017, Drabble has revamped the investment team, led many initiatives around proprietary forecasting and deal underwriting, and overseen hundreds of millions worth of signings and acquisitions. Most notably, SONGs, Shellback, Flyte Tyme, and more. More recently, Catrin managed the re-organization of the FP&A team and processes and played a key role in Kobalt’s Corporate Development activities, most notably the sale of AWAL and KNR in 2021.
“Having hired Tom in 2016 and working closely with him since then, I have truly enjoyed his camaraderie both on a daily basis and during our bigger capital raises and transformative work. I thank him for his time at Kobalt, said Founder and Chairman, Willard Ahdritz. “I have always been impressed by Catrin’s extensive knowledge and work ethic while working with her in my capacity as CIO of Kobalt Capital, and seeing her growth over the last five years has been exciting. I am pleased that she will now take on the position of CFO.”
Said Sansone, “It’s been an amazing journey with Kobalt; I’m incredibly proud of everything we’ve accomplished in the past few years and especially proud to leave Kobalt in the strongest financial position it has ever been. I’m very fortunate to have such a perfect successor in Catrin and looking forward to remaining involved as an advisor and shareholder.”
Said Drabble, “I would like to thank Laurent, Tom, and Willard for their mentorship and support over the last five years and enabling my development into the CFO role. Now is a pivotal time for Kobalt as we look to build on our recent profitable momentum, and I am proud to work alongside such a fantastic team in driving our company forward. Kobalt continues to be the transformative player in the industry underpinned by the focus on our writers. This clarity of purpose initially inspired me to join the company and now allows me to look to the future with excitement and confidence.”